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26 January 2006
Stanley Leisure Gains Attendance
Boost
Britain's
largest casino operator, Stanley
Leisure, has seen
a boost to attendance figures at its provincial casinos due
to the recent changes to UK gaming laws.
According to Stanley's
chief executive, Bob Wiper, certain "early freedoms" that
the government has granted ahead of the Gambling Act being
fully implemented in 2007 – such as the removal of the
24 hour membership rule – have led to more customers
under 40 in casinos, as well as "a lot more
women".
However, reporting interim
results for the 26 weeks to 30 October 2005, Wiper also said
that, while there had been a considerable increase in new
customers, they were spending less.
Group turnover for the six
month period fell from £151.9m to £136.8m while
pre-tax profit from continuing operations dropped from
£12.3m to £5m.
Stanley Leisure also
announced on 25 January that it has acquired the
privately-owned MLG Investments – which owns three
casino sites located in Southend and Bristol – for
£29.8m.
Following these
acquisitions, Stanley now operates a total of 44 casinos
throughout the UK with four in London. During the period,
Stanley also completed the sale of its betting shop
portfolio to William
Hill.
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